» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
TDN Services
Research millions of people and properties [+]
Monitor any person, property or company [+]

Skip Navigation LinksHome >
VOL. 126 | NO. 111 | Wednesday, June 8, 2011

Oxbow Mining Accuses Railroads of Price Fixing

JOSH FUNK | AP Business Writer

Print | Front Page | Email this story | Comments ()

OMAHA, Neb. (AP) – Oxbow Mining says the Union Pacific and Burlington Northern Santa Fe railroads conspired to raise prices on customers like the Colorado coal mine Oxbow runs.

Forth Worth, Texas-based BNSF also operates the Tennessee Yard intermodal facility at Lamar Avenue and Shelby Drive

Oxbow filed a federal antitrust lawsuit against the two biggest railroads in the western United States on Tuesday.

Oxbow's Chairman and CEO Bill Koch says the railroads have been systematically gouging their customers for years, and those higher shipping costs are passed on to consumers.

Oxbow says UP and BNSF worked to avoid direct competition with each other to help keep rates high.

And Oxbow complained that the fuel surcharges both railroads charge aren't based on costs and simply help the railroads raise shipping rates.

Representatives of the Omaha-based Union Pacific and BNSF did not immediately respond to messages left Tuesday.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 124 481 17,865
MORTGAGES 127 530 20,565
FORECLOSURE NOTICES 4 48 2,693
BUILDING PERMITS 195 891 36,836
BANKRUPTCIES 52 262 11,426
BUSINESS LICENSES 24 139 5,848
UTILITY CONNECTIONS 26 116 6,830
MARRIAGE LICENSES 26 133 4,049